After seven years without a property tax increase, the city of Bryan is considering raising the rate by a penny.
The current property tax rate stands at $.6364 per $100 of assessed value. The new rate proposed is exactly one penny more, $.6464.
The effective rate, which is the rate needed to raise the same amount of revenue as last year, is $.6121. The proposed increase is well under the rollback rate of $.6712.
Under the new rate, a family with a $100,000 home would see its tax bill go up $10 a year.
The city council will vote Tuesday on placing the proposed increase on its September agenda.